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Old Oct 15, 14, 12:37 pm
Join Date: Feb 2013
Posts: 14
Originally Posted by Pickettd View Post
If you wanted to look at this from the perspective of MS, my suggestion would be to consider it starting with the transaction fees. You will have to pay some percentage in order to convert your bitcoins back to fiat. There is of course a lot of risk in the value of the Bitcoins (they could go up, or they could go down) - but even if they don't move, is this strategy better than existing opportunities where you can swipe your card, eat a transaction fee, and take home points?
If you use Coinbase there are Tx fees. There are no Tx fees using Circle or Localbitcoin. The idea is to mine enough to cover those fees before selling the hashlet. Also if you use localbitcoin, there are no TX fees with better conversion rates. You can convert BTC to moneypak or vanilla (these are what i've been doing anyway). There are risks but I haven't been scammed yet.

This is by no means a strategy that is easy or maybe even worth the time. However, with so many MS avenues closing down, this is just another take on MS if someone is interested in cryptocurrency.
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